As a Newbie when do I start Demo trading

Beginner Questions
1

Hello everyone!!
I’m currently enrolled in the school of pipsology and I just finished the part of Pre-School Topic that says Demo your way to success and i would like to know as I don’t want to rush the learning process if I should start up a Demo account yet or I should still continue my studies???

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2

sounds really good that you are doing baby pips school , besides this you can carry on demo account and you can also do it after finishing psychology school completely.

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3

Okay thank you so much, wouldn’t mind if you recommended a broker for me that I can open the demo account with,thanks for your assistance once again

4

i got your point , its not a deal which broker you are using when demo , you can choose any broker , just keep practicing with cool mind , good luck and happy learning from demo.

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5

why not even if its just becoming familiar with the platform

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6

My advice is to complete the course and then open a demo and complete it again. However, if you decide to open a demo then just make sure the broker is regulated. A demo is free so you shouldnt have to put in any money and you can open as many as you want.

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7

Thanks for the advice

8

Okay thanks

9

Thanks so much

10

ok good luck, with hard work and an inquisitive mind you can succeed

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11

Get a demo as soon as you have a simple strategy.

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12

Better if you demo trade as you go through the lessons. It helps you understand the concepts. :slight_smile: Good luck!

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13

It’s better to start your demo account while studying. It makes the learning process more thorough.You will be able to apply the concepts immediately as you come across it.

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14

Helloooo @Adewilson! :blush: I think it might be helpful to start demo trading as you go through the school. :smiley: Some concepts are a bit complicated :sweat_smile: until you get to actually see how it works without having to spend any money. :smiley: Take your time demo trading and really use it as an opportunity to develop your trading style and strategy. :blush:

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15

Hi Adewilson,

I’m like you a beginner and haven’t even finished the Pre-School section here yet. However, I do have two demo accounts with different brokers (as they have different software and instruments) and I play with these a lot. After all, they’re just demo accounts so nothing bad can happen. Yet, the psychology behind a demo and a real account is very different as far as I can judge, so practice is vital.

In my opinion, start playing around with a demo account. For me, it also made it easier to understand the theory of it all, especially since I’m also corss-reading about different topics, not just total beginner ones. The practice just helps connecting all the dots, I’d say.

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